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December 7, 2021 

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VERTICAL AXIS: In a graph, this is one of two lines that intersect at a right angle. This is the 'Y-axis' that runs up and down.

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MANAGED FLOAT: An exchange rate that (like a floating exchange rate) is free to move up and down, but is subject to government control (like a fixed exchange rate) if it moves beyond certain boundaries. With managed float, the government steps into the foreign exchange market and buys or and sells whatever currency is necessary keep the exchange rate within desired limits. The logic behind managed float is that an unrestricted movement of exchange rates is usually pretty healthy, but serious problems in the balance of payment and balance of trade result if it floats too far in either direction.

     See also | exchange rate | foreign exchange | fixed exchange rate | floating exchange rate | foreign exchange market | balance of payments | balance of trade | G-7 | International Monetary Fund |


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MANAGED FLOAT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2021. [Accessed: December 7, 2021].


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SUPPLY SPACE

The area on or above a supply curve that indicates all possible price-quantity combinations acceptable to sellers. Buyers are willing and able to purchase any price-quantity combination that places them on or above the supply curve, but not above.

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Today, you are likely to spend a great deal of time flipping through the yellow pages looking to buy either a handcrafted bird feeder or a New York Yankees baseball cap. Be on the lookout for telephone calls from long-lost relatives.
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The word "fiscal" is derived from a Latin word meaning "moneybag."
"Use, do not abuse; neither abstinence nor excess ever renders man happy."

-- Voltaire, philosopher

SCF
Survey of Consumer Finances
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